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Economy

Economic Data (USA)

Thursday, December 28, 2006

All 3 Majors Retreated Today On A Sharp Decline In Crude Oil Stocks

All 3 major indices declined today despite positive reports on existing home sales and consumer confidence: investors reacted to a sharp decline in crude oil stocks and a decreased likelihood that the Fed will cut interest rates before Q3, 2007. 906,701,940 shares were traded @ The New York Stock Exchange® today.

Summary of The U.S. Markets:

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DJIA: Closed @ 12,501.52 (-9.05)

NASDAQ: Closed @ 2,425.57 (-5.65)

S + P 500: Closed @ 1,424.73 (-2.11)

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WTI Crude Oil Future closed @ $60.60/barrel

NY Spot Gold closed @ $633.40/ounce

In New York, The U.S. Dollar buys 0.7596 Euros

In New York, The Euro buys 1.3164 U.S. Dollars

The Federal Funds Target Rate is 5.25%

Ten-Year Treasury Note Yield is currently @ 4.69%


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